Insurance for Spider LE Contract Hire - Alfa Romeo Forum
You are currently unregistered, register for more features.    
Adrian Flux Insurance Looking for advice on insuring your Alfa Romeo?
Click here for an online quotation

Reply
 
Thread Tools
(Post Link) post #1 of 32 Old 06-05-08 Thread Starter
Status: -
AO Member
 
MORGANO's Avatar
 
Join Date: Apr 2008
Location: Chelmsford, Essex
Posts: 73
Insurance for Spider LE Contract Hire

Hi all,

Just wondered if anyone that has contract hire cars can recommend good insurers. I've noticed a huge price difference between quotes depending if I am the legal owner/registered keeper compared to the contract hire company being legal owner/keeper.

I have one quote that seems ok, but the choice of insurers is much less.

Any help would be much appreciated!

Thanks
MORGANO is offline  
Sponsored Links
Advertisement
 
Status: Struggling on
AO Gold Member
 
Brickman's Avatar
 
Join Date: Oct 2006
Location: United Kingdom
County: West Yorkshire
Posts: 11,614
Re: Insurance for Spider LE Contract Hire

Try Kwik Fit
Brickman is offline  
DJB
Status: -
AO Member
 
DJB's Avatar
 
Join Date: Apr 2008
Location: United Kingdom
County: Cheshire
Posts: 145
Re: Insurance for Spider LE Contract Hire

Try Swinton insurance
DJB is offline  
Status: -
AO Member
 
Josep's Avatar
 
Join Date: Feb 2008
Posts: 172

Member car:

Alfa GT

Re: Insurance for Spider LE Contract Hire

I'd be interested in who you go with - ill be insuring a contract hire car next month - like you say the quotes I have are at least 200 pounds more than for privately owned cars.
Josep is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

I will be calling my insurance company shortly to chjeck this out as I have placed an order for an LE on contract hire.

I would not have thought you are any more risk than if youowned the car - sounds like profitering to me.

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

Just checked with my insurance company and my premium will go up by 12 a year.

Try swiftcover.com

My total premium is £38 a month so around £440 a year.

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
(Post Link) post #7 of 32 Old 07-05-08 Thread Starter
Status: -
AO Member
 
MORGANO's Avatar
 
Join Date: Apr 2008
Location: Chelmsford, Essex
Posts: 73
Re: Insurance for Spider LE Contract Hire

Thanks for the responses so far. It seems I am not at the list of what most insurers want at the moment

I have one goodish quote with performance direct at 600. KwiK-Fit and Swinton both over 1200. Swift not as bad at 800.

I'll keep on trying, tbh 600 is not end of the world.

Main reason for the post is when I used the comparison sites such as compare the market and go compare half the insurers say they will not insure if not legal owner. Another 40% of quotes are over 1400 and 10% fight it out within a couple of hundred of what I expected. I was not aware the legal owner thing would be such an issue. Maybe they expect you not to care for the car??
MORGANO is offline  
(Post Link) post #8 of 32 Old 07-05-08 Thread Starter
Status: -
AO Member
 
MORGANO's Avatar
 
Join Date: Apr 2008
Location: Chelmsford, Essex
Posts: 73
Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by SPPalfa View Post
Just checked with my insurance company and my premium will go up by 12 a year.

Try swiftcover.com

My total premium is 38 a month so around 440 a year.
Out of interest do you know if you are registered keeper with Fiat Auto Contracts? My brother has a contract Audi and he is not legal owner but is registered keeper.

When I asked the question of Alfa I'm not sure the guy understood what I meant. But I have noticed that the main difference in price is dependant on if registered keeper or not. Legal owner limits the choice even more, but does not effect the price.
MORGANO is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

My dealer said that FAC would be the legal owner of the car.

I was expecting mine to go up by a hell of a lump but £12 a year I can live with.

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
Status: -
AO Gold Member
 
Join Date: Jul 2006
Posts: 7,179
Re: Insurance for Spider LE Contract Hire

When I double checked with Direct Line - the price came DOWN!

Be careful though, if you write the car off they pay market value - but that doesnt get you out of your contract, even after paying them the insurance value you will still owe 40% of the remaining payments, as, in effect, you are terminating early

Ask your dealer about GAP insurance to cover this, I got it, peace of mind,
cj romeo is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by cj romeo View Post
When I double checked with Direct Line - the price came DOWN!

Be careful though, if you write the car off they pay market value - but that doesnt get you out of your contract, even after paying them the insurance value you will still owe 40% of the remaining payments, as, in effect, you are terminating early

Ask your dealer about GAP insurance to cover this, I got it, peace of mind,
Very good point - will have to look at that when / if I get an LE

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
(Post Link) post #12 of 32 Old 07-05-08 Thread Starter
Status: -
AO Member
 
MORGANO's Avatar
 
Join Date: Apr 2008
Location: Chelmsford, Essex
Posts: 73
Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by cj romeo View Post
When I double checked with Direct Line - the price came DOWN!

Be careful though, if you write the car off they pay market value - but that doesnt get you out of your contract, even after paying them the insurance value you will still owe 40% of the remaining payments, as, in effect, you are terminating early

Ask your dealer about GAP insurance to cover this, I got it, peace of mind,
Cheers, I was going to ask about this when I collect it. I think it's usually about a 300 one off payment?
MORGANO is offline  
Status: -
AO Gold Member
 
Join Date: Jul 2006
Posts: 7,179
Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by MORGANO View Post
Cheers, I was going to ask about this when I collect it. I think it's usually about a 300 one off payment?
Something like that mate.
cj romeo is offline  
Status: -
AO Gold Member
 
Join Date: Jul 2006
Posts: 7,179
Re: Insurance for Spider LE Contract Hire

Back to invoice doesnt cover it, honest.
cj romeo is offline  
Status: -
AO Gold Member
 
Join Date: Jul 2006
Posts: 7,179
Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by RSK View Post
You're saying that if the car is written off FAC expect both the market value for the vehicle and the statuatory 40% of remaining monthly payments to end the contract. Sadly writing off one's car doesn't terminate the contract !
Thats what I mean, yes.

Obviously 'return to invoice' might cover you later on in the contract, when the market value is lower and you have only a few payments left,

But say for example you write it off early in the contract, you owe them virtually the full 25K or whatever and in my case plus about 7500 to cover the 40% of the remaining payments....

Same as I would owe them if I wanted to return the car early.

The gap insurance I have covers me up to 10K in the difference between pay out and settlement
cj romeo is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

I'm confused by that I will ask my dealer to have a look at when I see him.

So if I write the car the day collecting it and my insurance pays out the full value - I still owe 40% of the contract cost to FAC.

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
Status: feeling the wind in my hair again
AO Silver Member
 
k3lvc's Avatar
 
Join Date: Sep 2006
Location: United Kingdom
County: North Yorkshire
Posts: 1,267

Member car:

Jaguar XF3.0DS

Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by cj romeo View Post
Thats what I mean, yes.

Obviously 'return to invoice' might cover you later on in the contract, when the market value is lower and you have only a few payments left,

But say for example you write it off early in the contract, you owe them virtually the full 25K or whatever and in my case plus about 7500 to cover the 40% of the remaining payments....

Same as I would owe them if I wanted to return the car early.

The gap insurance I have covers me up to 10K in the difference between pay out and settlement
Unless I've missed something in my RTI GAP agreement (through the same dealer as you ) then there's no risk - all I'll have is a replacement car for the duration of the contract and perhaps some discussion with FAC as to why the car I give back to them is not the car they gave me. This is always assuming that I want to continue with the contract.

In terms of insurance I'm with Privilege who will cover vehicles for which I'm not the registered keeper whereas Direct Line wouldn't .

For those of you taking Contract Hire be aware of the extra charges that can build up. If you take the car abroad you need written authority which needs to be renewed annually, if you have a private plate you pay an admin fee for the transfer (both ways) and woe betide you if you fall victim to the congestion charge as Red Ken made it impossible for FAC to send the charge on to you - they pay it on your behalf (therefore accepting guilt) and send you the bill + 60 for their troubles
k3lvc is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

Dont intend taking it abroad or anywhere near London - thats what plains and trains are for.

How much is the admin fee for the private plate.

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
Status: feeling the wind in my hair again
AO Silver Member
 
k3lvc's Avatar
 
Join Date: Sep 2006
Location: United Kingdom
County: North Yorkshire
Posts: 1,267

Member car:

Jaguar XF3.0DS

Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by SPPalfa View Post
Dont intend taking it abroad or anywhere near London - thats what plains and trains are for.
My daily drive to the office in Switzerland would disagree

Quote:
Originally Posted by SPPalfa View Post
How much is the admin fee for the private plate.
Honestly can't remember but 50 (+VAT of course) rings a bell. To be fair the process was slick but just another unexpected cost.
k3lvc is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

I cant see the point in driving to london pay red kens charges whne I can take a train.

May just leave the PP off the car then as people can see I have an 08 plate car.

Just had the first comment re the thing being so unreliable i needed to change at 10 months old or it would break down.

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
Status: -
AO Platinum Member
 
SPPalfa's Avatar
 
Join Date: Nov 2007
Location: United Kingdom
County: Newport
Posts: 16,125
Re: Insurance for Spider LE Contract Hire

Or are youthe milky bar kid?

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
SPPalfa is offline  
Status: -
AO Gold Member
 
Join Date: Jul 2006
Posts: 7,179
Re: Insurance for Spider LE Contract Hire

Quote:
Originally Posted by k3lvc View Post
Unless I've missed something in my RTI GAP agreement (through the same dealer as you ) then there's no risk - all I'll have is a replacement car for the duration of the contract and perhaps some discussion with FAC as to why the car I give back to them is not the car they gave me. This is always assuming that I want to continue with the contract.

In terms of insurance I'm with Privilege who will cover vehicles for which I'm not the registered keeper whereas Direct Line wouldn't .

For those of you taking Contract Hire be aware of the extra charges that can build up. If you take the car abroad you need written authority which needs to be renewed annually, if you have a private plate you pay an admin fee for the transfer (both ways) and woe betide you if you fall victim to the congestion charge as Red Ken made it impossible for FAC to send the charge on to you - they pay it on your behalf (therefore accepting guilt) and send you the bill + 60 for their troubles

I am with Direct Line as the main driver but not the owner!

I'm fairly sure FAC would want their car back and not some other car you have bought! The insurance is only half a months payment and gives a bit of peace of mind.

In my circumstances, the 2 policies pay off the contract hire agreement and I can start again.

I am used to Contract hire, so the the other foibles are normal, also be aware that they tend to pay any parking tickerts/ speeding tickets and charge you admin too.

If they didnt, there would be a delay and things would escalate posibly to prosecution, so you effectively plead guilty by default.

Its just like a hire car, which of course it is!
cj romeo is offline  
Status: -
AO Member
 
Join Date: May 2008
Location: South Wales
Posts: 52

Member car:

Not an Alfa

Re: Insurance for Spider LE Contract Hire

I'm in the process of buying an LE and am having a couple of problems with the insurance. Having been on Moneysupermarket.com I'm getting a quote for 473 with performance direct (not bad as I'm 25 ). When I go through P.D.'s site directly though, it's coming out at 1100. I'm therefore a bit apprehensive about trusting the 473 quote as I have a feeling they've made a mistake somewhere (even though I'd put the details in twice to check!). Have any of you had any experience using these (or any other of the comparison sites)? Spent a few hours today looking through a load of sites and frustratingly, most assume you'll be the owner of the car. Can anybody recommend anybody (other than the ones already mentioned)? I'm currently floating around the 1000 mark but I'll be trying A-plan and a few others tomorrow.

Also, I know the finance company will be legal owners of the car but what about the registered keeper? Is that the finance company also or will it be in my name?

Sorry for the noob questions - I'm a bit new to contract hire. Hooray for my first post though - hopefully first of many!

EDIT - Just re-read the posts above. Looks like I would have to enter the finance company as registered keepers. That's that question answered then!
reginaldo is offline  
Status: -
AO Member
 
Join Date: Jan 2008
Location: United Kingdom
County: Hertfordshire
Posts: 570
Re: Insurance for Spider LE Contract Hire

I took out insurance with What Car Insurance (which is really Liverpool Victoria insurance) for the BMW on line and it didn't give me an option to specify it was a lease car. I rang them up afterwards and they updated the details for no charge to record I am not the registered keeper/legal owner. Shop around if you do have any problems.
RichardM is offline  
Status: -
AO Member
 
Join Date: May 2008
Location: South Wales
Posts: 52

Member car:

Not an Alfa

Re: Insurance for Spider LE Contract Hire

That sounds like a plan. Cheers mate.

My current best quote is £750 with Green Light insurance (Highways Insurance) which isn't too bad. Will try to get it down a bit more though.
reginaldo is offline  
Reply

Go Back   Alfa Romeo Forum > Vendors > Insurance Section > Adrian Flux Insurance

Tags
contract , hire , insurance , spider

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

 
For the best viewing experience please update your browser to Google Chrome